AmeriServ Financial, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 25, 2022 at 08:29 am EST
Share
AmeriServ Financial, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported net interest income was USD 10.3 million compared to USD 9.35 million a year ago. Net income was USD 1.85 million compared to USD 0.692 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago.
For the full year, net interest income was USD 39.08 million compared to USD 36.37 million a year ago. Net income was USD 7.07 million compared to USD 4.6 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.27 a year ago.
AmeriServ Financial, Inc. is a bank holding company of AmeriServ Financial Bank (the Bank). The Bank provides a range of services, including retail banking services and lending, depository, and related financial services. Its retail banking services include demand, savings, and time deposits, checking accounts, money market accounts, secured and unsecured consumer loans, mortgage loans, safe deposit boxes, holiday club accounts, and money order. It provides lending, depository, and related financial services to commercial, industrial, financial, and governmental customers, such as commercial real estate mortgage loans (CRE), short and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate construction loans, business savings accounts, certificates of deposit, wire transfers, night depository, and lock box services. The Bank also operates 18 automated bank teller machines (ATMs) through its 24-hour banking network.